Too Big to Fail, or Too Metastatized? [View article]
Great analysis and right on the money. Why was Lehman allowed to fail?because it was an investment bank by rich people for rich people. Some guy who's net worth suddenly went from $30 million to $15 million is not going to end up on NBC, CBS, CNN or FOX. Some guy who's house was destroyed by hurricane Ike and who now has no insurance because AIG went under will.
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Great analysis and right on the money. Why was Lehman allowed to fail?because it was an investment bank by rich people for rich people. Some guy who's net worth suddenly went from $30 million to $15 million is not going to end up on NBC, CBS, CNN or FOX. Some guy who's house was destroyed by hurricane Ike and who now has no insurance because AIG went under will.
Sep 24 16:21 pm
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